These Analysts Lower Their Forecasts On Alpha And Omega Semiconductor Following Q1 Results - Alpha & Omega…
Benzinga · Avi Kapoor ·
Alpha & Omega Semiconductor beat Q1 estimates, forecast Q2 sales of $170M-$190M, and cited surging AI/server revenue; shares rose 5.6%.
Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) on Thursday reported better-than-expected first-quarter financial results.
Alpha & Omega posted adjusted loss of 7 cents per share, beating market estimates of a loss of 14 cents per share. The company’s sales came in at $177.756 million, beating expectations of $176.204 million.
Alpha & Omega said it sees second-quarter sales of $170.000 million-$190.000 million, versus market estimates of $171.746 million.
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